When do assumptions made in conjunction with economic, Ask an Expert

Economics

Q. 1. When do assumptions made in conjunction with economic theorizing have to be realistic? Can unrealistic assumptions provide useful outcomes?

2. In contrast to a socialist economic organization, Explain how would a capitalist system differ?
Consider who owns capital (means of production) in two models.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9306800

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